The Interim Budget for 2004-05 has merged 50 per cent of Dearness
Allowance with basic pay for central Government employees. However,
no changes in the Income Tax structure were proposed....

Government has announced `mini exim policy'. According to Commerce
Minister, these announcements are only `procedural changes' to fine
tune the 2002-07 EXIM Policy...

The rupee is likely to touch 43.50 & foreign exchange reserves are
expected to reach $114 billion to $115 billion by the end of calendar
2004...

Government has allowed citizens to freely remit up to $25,000 a year
overseas and the Indian companies to invest up to 100 per cent of
their net worth abroad...

RBI has issued guidelines for transfer/ allotment of shares in
private banks....

Indian banks are running high costs in retail business & need to
rationalise....

Prime lending rates of banks are moving downwards...

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